Funding you earn now, next payment 07:00 UTC−0.0230%/8h= −25.2% APRpaid last 24h −0.018%
Price spread now: Gate against Kraken Futures+0.001%51s7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$310.310% of the position
Funding, last 7 days−0.145%−$14 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.001%, 7d avg +0.009%
=The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.145% in total (about -7.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XAUTUSD | 4,320.8 | 0.0230 | pay 0.0029% / 1h | 23m 19s | $5.7M | $4.9M | 50x |
| Short | Gate XAUT_USDT | 4,320.9 | 0 | get 0.0000% / 8h | 1h 23m | $130.5M | $8.7M | 100x |
Kraken Futures PF_XAUTUSD
Gate XAUT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$48.34
- Price spread: +0.001% → +0.009%
- −$0.8
- Slippage, 4 orders
- −$5.98
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$80.13
- Costs to cover
- 0.310%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 6 min ago; Gate: live order book, 6 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 6 min ago | 1.04 bp | 6.5 bp −$6 | 8.3 bp −$83 | 18.1 bp −$1,807 | doesn't fit |
| Sell Gate live order book, 6 min ago | 0.12 bp | 8.4 bp −$8 | 12.3 bp −$123 | 21.1 bp −$2,114 | 50.5 bp −$25.3K |
XAUT on 20 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps XAUTUSD | −0.0234% | 1h | 4,319 | −0.042% | $55K | $11K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0030% | 4h | 4,319.8 | −0.025% | $25.5M | $17.0M | 75x | as long as short |
| Gate XAUT_USDTshort | 0.0000% | 8h | 4,320.9 | +0.001% | $130.5M | $8.7M | 100x | |
| Variational Omni XAUT | +0.0024% | 4h | 4,318.6 | −0.052% | $32.9M | $3.3M | — | as long as short |
| MEXC XAUT_USDT | +0.0026% | 4h | 4,319.3 | −0.036% | $361.4M | $281.0M | 1000x | as long as short |
| Bybit XAUTUSDT | +0.0032% | 4h | 4,319.3 | −0.035% | $119.2M | $30.9M | 75x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | +0.670% | $8K | $149K | 30x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,318.4 | −0.056% | $10.1M | $2.1M | 25x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,319.4 | −0.034% | $4.2M | $937K | 10x | as long as short |
| Binance XAUTUSDT | +0.0100% | 4h | 4,319.4 | −0.034% | $35.4M | $47.5M | 75x | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Variational Omni XAUT
MEXC XAUT_USDT
Bybit XAUTUSDT
Injective XAUT/USDC PERP
SoDEX XAUT-USD
Nado XAUT-PERP
Binance XAUTUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,320.7 | −0.003% | $11.6M | $3.1M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,319.3 | −0.036% | — | $18.9M | — | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,319.4 | −0.032% | $834 | $111K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,319 | −0.043% | $265 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,320 | −0.020% | $1.8M | $367K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,323.8 | +0.069% | $3K | $3.2M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,317.3 | −0.082% | $1.8M | $251K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,318.3 | −0.060% | $267K | $214K | 25x | as long as short |
| BloFin XAUT-USDT | +0.0115% | 4h | 4,319.8 | −0.024% | $2.3M | $1.6M | 75x | as long as short |
| Kraken Futures PF_XAUTUSDlong | +0.0230% | 1h | 4,320.8 | long leg | $5.7M | $4.9M | 50x |
KuCoin XAUTUSDTM
BingX XAUT-USDT
GRVT XAUT_USDT_Perp
Orderly PERP_XAUT_USDC_mythos
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
Extended XAUT-USD
BloFin XAUT-USDT